Turin, 27 November – LIFTT, an Italian venture capital firm focused on deep-tech investments, and Techstars Transformative World Torino, an accelerator managed by US-based Techstars, the world’s leading pre-seed accelerator, have formed a strategic partnership agreement to strengthen the innovation ecosystem of OGR Torino and investments in deep-tech start-ups
The agreement envisages the development of operational synergies through a scouting and screening committee of high-potential companies, mentoring programs, and startup development (from the transformation of the idea into a business to financing). Co-investments will also be possible.
The partnership with Techstars is part of the internationalization path of LIFTT, the second venture capital company in Southern Europe by the number of investments.
The agreement between LIFTT and Techstars Torino reflects the spirit of collaboration that characterizes OGR Torino, the main innovation hub in Turin, and generates a further opportunity for the growth of new deep-tech entrepreneurship.
In April 2024, LIFTT and Techstars will jointly promote a networking event to foster dialogue between start-ups, mentors, and investors.
Giovanni Tesoriere, CEO of LIFTT, said: ‘The alliance with a leading global accelerator reinforces the positioning we are pursuing: to be an operator with a strong national base and an international operational horizon. The development of this partnership in the setting of OGR Torino. confirms the importance of this hub for the new entrepreneurship of Turin and the country’.
Martin, Olczyk, Managing Director of Techstars Transformative World Torino, said:
The LIFTT team has played a crucial mentoring role for our startups over the past years. We’re excited to take this relationship to the next level by officially partnering with such a renowned VC firm and infusing significant deep-tech expertise into our program. This partnership will not only bolster the growth journey of our portfolio companies but also create a unique offering for local and international startups at OGR Torino, elevating it as a leading tech hub in Italy for building companies from idea to IPO.
